Nickelore drilling identifies additional zones at Canegrass

Emerging nickel producer Nickelore Ltd has announced positive reverse circulation (RC...

  Emerging nickel producer Nickelore Ltd has announced positive reverse circulation (RC) drilling results at the company’s Canegrass Nickel Cobalt Project, 70km north-west of Kalgoorlie.The drilling program consisting of eight RC drill holes was completed in Area 3, half a kilometre North East of Patch-Gulch – a former mining pit which is expected to be the first mine site for the Canegrass Project. The work identified extensions of nickel and cobalt mineralised zones around Patch Gulch, where Nickelore will update resource estimates for the Canegrass Project scoping and feasibility studies.The best intercepts were 4m at 1.15 % nickel, 0.02% cobalt, from 36m below surface, 4m at 1.11% nickel, 0.03% cobalt from 12m and 6m at 1.06% nickel 0.06% cobalt from 34 m below surface.Managing Director, Iggy Tan said that the drilling demonstrated good continuity of nickel and cobalt mineralisation.“This is excellent news for the scoping and feasibility work on the Canegrass Nickel Cobalt Project,” he said. “We are particularly encouraged to see some new zones identified which are outside our current resource model”. “The next stage of the drilling program will be a systematic drill out of the prospective areas on the tenements underlain by ultramafic lithologies.”